Russell Retail Group begins the year with inventory of $54,000 and ends the year with inventory of $44,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 Purchase on May 6 Purchase on September 8 Purchase on December 4 $ 209,000 129,000 159,000 409,000 Required: Calculate cost of goods sold for the year. Beginning inventory Cost of goods available for sale Cost of goods sold